Banks to report FX revaluation gains than losses in FY’23 —Report

Banks turn to commercial papers amidst increasing deposit costs OCCL calls for business relationship Liquidity crunch forces Nigerian banks to borrow N1.2trn Banks announce expiry of 2019 NCS/NICPAS cheque Banks rated low in 2024 retail banking Nigerian banks profitability Recapitalisation Watch Banks post How banks make impressive returns despite economy’s

A fresh report by a full-service investment banking firm and financial services company, Cardinal Stone, has revealed that some banks are more likely to report revaluation gains than losses in 2023 Financial Yeah (FY’23) due to the huge naira devaluation stoked by the Foreign Exchange (FX) policy changes. In the report titled, ‘Nigerian Banking Sector … Continue reading Banks to report FX revaluation gains than losses in FY’23 —Report